This article empirically analyses the initial and aftermarket returns for US-listed Shipping initial public offerings (IPOs). Our main objective is to fulfil the great need for the US Shipping evidence on long-run performance of IPOs. We aim to test the extent to which signalling models explain...

This article investigates the interrelationships in daily returns and volatilities between Capesize and Panamax price series in four major trading routes, the transatlantic, the fronthaul, the transpacific and the backhaul, during the sample period from 1999 to 2008. The sample is split into two...

Cross market linkages and spillover effects between Forward Freight Agreements (FFAs) and futures contracts on the commodities transported by Panamax vessels can aid decision making in the very volatile freight markets. Results indicate that there are significant spillover effects between...

Using a discrete-choice perspective and emphasizing the differentiated-goods nature of container handling, this article empirically studies the price and welfare effects of the 2001 merger between Antwerp-based container handlers Hessenatie and Noord Natie. Results show that: (i) the merger...

The virtual disappearance of liner shipping conferences from US markets and their elimination in European trades create a significant risk that in place of these collusive price-setting groups, the industry could become increasingly consolidated. The absence of the conference pricing cushion...

Liner companies face a complex problem in determining the optimal routing and deployment of a fleet of container vessels. This paper presents a model and an algorithm to address the two problems jointly. The model captures the revenues and operating expenses of a global liner company, and allows...

The Liquefied Natural Gas (LNG) trade is one of the most promising sectors in energy shipping. It is expected that competition will increasingly develop in the shipping segment of the LNG chain, which at least in its first phases will have the characteristics of an oligopolistic market. The LNG...

US containerised freight traffic through US seaports is growing rapidly. Given this growth rate, it is important to have an accurate understanding of the flow of these goods both within the United States and to and from foreign countries, so that investments in infrastructure can be made...

As global trade increases the interdependence of major world economies, the leading container ports of the United States are growing in importance as gateways from overseas production to domestic consumption markets. With this increased economic importance comes increased dependence of domestic...

In this paper we study bulk shipping of coal between the central regions in the world. We compare the performance of cost-minimizing models with a gravity model approach. The main finding in the paper is that cost minimizing models provide relative poor fits to data. A simple one-parameter...